Standard gold price s(99.5 purity) rose by Rs 5 to close at Rs 28,640 per 10 grams from last Friday’s level of Rs 28,635.

Pure gold prices (99.9 purity) also moved up by a similar margin to end at Rs 28,790 per 10 grams against Rs 28,785 previously. Silver (.999 fineness) gained Rs 260 per kg to finish at Rs 39,640 compared to Rs 39,380 earlier.

Globally, gold prices edged higher after its biggest weekly rise in five weeks, with political turmoil in the United States fuelling demand for bullion as a safe haven and reducing expectations of aggressive US interest rate rises this year.

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Spot gold prices were up 0.1% at $1,255.96 an ounce at early trade. In other precious metals, silver was up 0.9% at $16.96 an ounce, having touched $17.13 an ounce, its highest since 1 May.